Kazakhstan completed the overhaul of its section of Tuimazy-Omsk-Novosibirsk-2 (TON-2) oil pipeline which allowed to increase its capacity from 7 to 10 million tons of oil per year, KazTransOil company reported. The pipeline section 185.6 km long was replaced within the overhaul work. The overhaul of TON-2 was conducted to ensure the reliable oil transportation…
Kazakhstan’s GDP growth is projected at 1.9% in 2017, Minister of National Economy Kuandyk Bishimbayev said. The forecast includes expectation of increase in oil production due to commissioning of the Kashagan field. Forecast for GDP growth for 2016 is still at 0.5%, which was expected earlier. Inflation in 2016 is expected to reach 8.5%, Bishimbayev…
China and Kazakhstan plan to implement 51 joint projects in different spheres in Kazakhstan, Kazakh President Nursultan Nazarbayev said following his working visit to China, according to the president’s press-service. Facilities for two of them have already been built, four more facilities worth $2.5 billion will be completed by the end of 2016, the president…
According to the regional agricultural departments, as of September 1, Kazakh agrarians harvested grains throughout 3.263 million ha, or 21.3% of the planned areas, the Ministry of Agriculture of the Republic of Kazakhstan declared. As of the reporting date, agrarians produced 5.1 million tons of grains, up 2 times YoY. The average yield totaled 1.56…
At the beginning of last week weather conditions were favorable for completion of winter wheat harvesting in the South and South East. Crops condition is mainly good and stage of development is full ripeness. In the reporting period conditions were also favorable for growth and development of spring grain crops and grain filling, though short-term…
Last week decrease in prices for milling wheat was noted in Kazakhstan export market primarily due to the seasonal factor. Over the week export prices for milling wheat decreased in average by $11 in the Aktau port – to $185-191/MT FOB for wheat with 13.5% protein, and by $20-22 for 3rd grade wheat on DAF…
Ukraine’s Ministry of Energy and Coal Industry, the Energy Ministry of Kazakhstan and Kazakh National Nuclear Company Kazatomprom have agreed to establish a joint venture (JV) for uranium mining in both countries, Ukrainian Energy Minister Ihor Nasalyk has said, commenting on the results of his visit to Kazakhstan in mid-August. “Kazakhstan has the best desalination…